Bulls dominate PSX as benchmark index gains 835 points

KARACHI: Stocks surged at the Pakistan Stock Exchange (PSX) on Thursday, with the benchmark KSE-100 Index gaining 835 points and was trading at at 31,806 in early trade session.

The bulls dominated the PSX as the news came that International Monetary Fund (IMF) will give Pakistan $1.4 billion next week “to boost its foreign exchange reserves and get some budgetary support in the wake of the economic slowdown due to the coronavirus pandemic.

According to reports, the Pakistani rupee also appreciated in the currency market.